Touche Remnant

Touche Remnant (TR) was an investment trust management company. Touche Remnant Investment Management Ltd was originally part of Touche Ross, became completely independent in 1974.[1] By 1989 they had offices in London, New York City and Tokyo.[1] In 1985 they set up a joint venture with the Bank of Tokyo called the Bank of Tokyo-Touche Remnant Asset Management Limited.[1] In 1989 Paul Manduca became Chief Executive Officer of TR, where upon he engineered their takeover by Société Générale.[2] After sustaining operating losses of £2.1m in 1990 and £3.1m in 1991 TR was bought by the Henderson Group for £42.5m in 1992.[3]

## References

1. ↑ 1.0 1.1 1.2 "Touche Remnant Investment Management Ltd" (in English). Macmillan Education UK. 1 January 1989. pp. 269–272. https://link.springer.com/chapter/10.1007/978-1-349-10905-0_65. Retrieved 6 November 2017.
2. ↑ "'Man with a dream of a city empire'". Independent.co.uk. https://www.independent.co.uk/news/business/profile-man-with-a-dream-of-city-empire-paul-manduca-the-head-of-bats-new-investment-arm-has-pounds-30bn--and-big-ideas-about-how-to-use-it-william-kay-meets-a-rising-star-1372274.html. Retrieved 2015-05-13.
3. ↑ Durman, Paul (8 December 1992). "Henderson pays pounds 42.5m for Touche Remnant". https://www.independent.co.uk/news/business/henderson-pays-pounds-425m-for-touche-remnant-1562322.html. Retrieved 6 November 2017.

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